#ETH/USDT 4HR CHART UPDATE !!
Hello, community members welcome you all to another chart update.
As we can observe from the above-mentioned chart that ETH was trading inside the falling wedge pattern and broke outside, currently it's trading on a green support zone, or else we can also say a retesting zone.
Here ETH was unable to sustain the green support zone and moved downside again but still above the upper trend line.
MACD also printed a bullish crossover.
If ETH bounces from the current price level the 2k level is the major local resistance for now which ETH must break upside to climb and touch
2.2k soon. As result, ALT coins will also be able to gain % by moving upward.
Candle close below the lower trend line support will be the invalidation point for this chart update.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
As we can observe from the above-mentioned chart that ETH was trading inside the falling wedge pattern and broke outside, currently it's trading on a green support zone, or else we can also say a retesting zone.
Here ETH was unable to sustain the green support zone and moved downside again but still above the upper trend line.
MACD also printed a bullish crossover.
If ETH bounces from the current price level the 2k level is the major local resistance for now which ETH must break upside to climb and touch
2.2k soon. As result, ALT coins will also be able to gain % by moving upward.
Candle close below the lower trend line support will be the invalidation point for this chart update.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
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